Fig. 4: Numerical experiment that cuts the nourishment subsidy.
From: Policy and market forces delay real estate price declines on the US coast
Results displayed are model simulation differences between the baseline model and a scenario in which the subsidy rate is cut to 50% at the onset of SLR (at t = 50). Depicts outcomes for oceanfront properties (blue), non-oceanfront properties (orange), beach width (solid black), and expected beach width (dashed black). Outcomes include percent change in property value (a), change in beach width (b), change in marginal income tax rate of property owners (c), and change in the share of housing owned by investors (d).
